Shanghai Yongli Belting Co.,Ltd.’s Net Profit Dropped 37% in First Quarter of 2023

Shanghai Yongli Belting Co.,Ltd. (上海永利带业股份有限公司) (300230.SZ) reported a net profit of 24.3 million yuan in the first quarter of 2023, down 37% year-on-year.

Meanwhile, the company posted 347.5 million yuan in revenue, down 22.6% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 28.5%.